20
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8541 W Faust LANE
About This Property
The property allows for a broad range of commercial uses including restaurant (drive-thru or sit-down), gas station/C-store, neighborhood shopping center, medical/professional office, and general retail or service-based concepts. The combination of zoning flexibility, frontage depth, and traffic volume makes it ideally suited for national QSR operators, fuel brands, medical users, and service-based retailers seeking dominant visibility in a high-growth market.
Surrounding national and regional retailers include Publix, Tractor Supply, RaceTrac, 7-Eleven, Walgreens, AutoZone, McDonald's, and Wendy's, providing established co-tenancy synergy and consistent daily consumer traffic. The corridor is further strengthened by year-round tourism and outdoor recreation, driven by proximity to Ellie Schiller Homosassa Springs Wildlife State Park and the Homosassa River, both of which attract anglers, eco-tourism visitors, and seasonal residents.
Citrus County is one of the fastest-growing counties in Florida, with a current population of approximately 153,600 residents projected to exceed 350,000 by 2030 per County growth planning estimates. The region continues its transition into a major residential, healthcare, and service hub within the Tampa Bay sphere of influence.
Significant infrastructure investment continues to accelerate long-term growth. The $135 million expansion of the Suncoast Parkway and the planned northern Phase 3 extension-just north of the subject property-will provide direct one-hour access to Tampa International Airport and major employment centers, dramatically increasing regional connectivity, tourism flow, and commercial demand.
Within a 15-minute trade area, the property serves approximately 46,361 residents with stable demographics (average age 58; median household income approximately $65,000). The combination of sustained population growth, expanding infrastructure, and strong retail clustering positions this site as a high-visibility, future-proof commercial investment opportunity.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 22, 2026 | Price Decreased |
$887,375
↓ $27K
(3%) | |
| Price Decreased | |||
| Jun 23, 2026 | Price Decreased |
$914,820
↓ $28K
(3%) | |
| Price Decreased | |||
| May 21, 2026 | Price Decreased |
$943,112
↓ $50K
(5%) | |
| Price Decreased | |||
| Apr 22, 2026 | Price Decreased |
$992,750
↓ $52K
(5%) | |
| Price Decreased | |||
| Mar 21, 2026 | Price Decreased |
$1,045,000
↓ $55K
(5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017